Monday, March 27, 2017

Extending Casino sales process Via retail, says source

São Paulo – the French retailer Casino, which controls Grupo Pão de Açúcar, postponed the selling process of your slice in controller Via retail, said a source close to the company said Friday.
The deadline for the submission of proposals closed on Friday, but, according to the source, the fact that the kleins, minority shareholder of Via retail, demonstrated this week interest in acquiring the participation has changed the scenario.
The source said that there was no new date yet on the next term. Wanted in Brazil, the Casino wouldn''t comment.
The GPA has made your sale majority stake in retail real estate and electronics in the last quarter of 2016.
Exame - 24/03/2017 News Item translated automatically
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